Which of the following statements is incorrect with respect to the balance of payments?
a. It constitutes a record of transactions between residents within one country.
b. It consists of a current account, a capital account, and an account to record omissions and errors.
c. Transactions that result in a demand for domestic currency are always entered as a credit.
d. It must balance in the aggregate, but separate accounts can show deficits or surpluses.
e. It constitutes a record of a country's trade in goods and services and financial assets.
a
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Your firm needs a private investigator and the best private eye in Santa Teresa is Kinsey Milhone. Her services are worth $30,000 to your firm but you do not want to pay her more than $10,000
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